It's Never Too Early to Think About Retirement - Compound Interest
Shoulda, Woulda, Coulda I'm typically not the shoulda woulda coulda type of person, but when it comes to saving for retirement there are some things I would have done differently had I known better. Ignorance may be bliss until you realized that such bliss may have cost you hundreds, really more like thousands in potential earnings and growth. 😲 So what am I babbling on about? The value of time and the power of compound interest . 🤑 I'll Contribute More Now and Catch Up There's a scenario that describes two different investors who begin investing, one starts in their 20's, the other in their 30's. Long story short ( because the long story may bring actual tears to your eyes😢 ), the one who started at a younger age, contributed less, and saved for a shorter period ends up with more money at the age of retirement. See what I mean about shoulda woulda coulda? Yeah...it hurts! Why didn't anyone tell me? With that being said, It's usually best to start wher...